Our fears often hold us back from achieving what we want, both in business and in life. In the video and transcript below, I’ll share my version of the 4 Fear Responses diagram that has been extremely popular over the years.Continue reading “Grace LaConte Explains the 4 Responses to Fear Diagram [Video]”
Tag: strategic risk
What is a Devil’s Advocate Perspective?
When we ignore contrarian thinkers and those who call out injustice, it can alter our ability to make risk intelligent decisions. This article explains the history behind a Devil’s Advocate role, where the phrase comes from (hint: it’s Catholic!), and the benefits of welcoming contrarian points of view.Continue reading “What is a Devil’s Advocate Perspective?”
The 5 Areas Where Your Company is Most at Risk [Podcast]
A deep-dive explanation about the main categories of strategic risk (Governance, Operational, Competitive, Financial, Reputational), and the 4-step process you can use to evaluate them.
Continue reading “The 5 Areas Where Your Company is Most at Risk [Podcast]”
15 More Places to Look for Strategic Risk in a Company: Qualitative
Quality is much different than quantity. It includes sensations and feelings from interviews, discussions, and narrative stories that are difficult to turn into specific numbers.
Although it takes more time to collect, qualitative data is extremely helpful because it provides a depth of understanding about very complex problems.
Continue reading “15 More Places to Look for Strategic Risk in a Company: Qualitative”
20 Excellent Places to Look for Strategic Risk in a Company: Quantitative
There are many places to look for signs that something in your company needs to be adjusted.
In this post, I’ll share 20 different places where your business can look to avoid a potential catastrophe. I also explain how to evaluate these sources for vulnerabilities, and which questions to ask.
Continue reading “20 Excellent Places to Look for Strategic Risk in a Company: Quantitative”
Which Business Models are Predatory [Podcast]
In this episode, Grace explains the differences between 10 popular business models, the four types of organizational vulnerabilities, and which 6 principles of influence can be used (for good or for bad).
Continue reading “Which Business Models are Predatory [Podcast]”
A Strategic Risk Perspective on the Future of Medicine
Healthcare is undergoing a big transformation… both for good and for bad.
Here are my thoughts about what the future holds, from a strategic risk point of view.
Continue reading “A Strategic Risk Perspective on the Future of Medicine”
Interpreting the Quantitative Data (Numbers) in Your Business
Do you hate reviewing your business financials? If so, you’re not alone.
In this article, I’ll explain:
- the difference between quantitative and qualitative data,
- where to collect the data,
- an illustration that demonstrates which questions to ask, and
- how to use it to make risk intelligent decisions.
Continue reading “Interpreting the Quantitative Data (Numbers) in Your Business”
How to Understand the Quantitative and Qualitative Data in Your Business
Are you wondering how to tell the difference between data that are based on numbers (quantitative) and those based on sensations and experiences (qualitative)?
Many business owners find it difficult to make the distinction… which can lead to frustration, overwhelm… and eventually to a business that is vulnerable to threats that could cause irreparable harm.
Continue reading “How to Understand the Quantitative and Qualitative Data in Your Business”
10 Variations of the “Employee for a Day” Experience
I thought I knew everything about my company… until the day I stepped out of my management role and into those of front-level staff.
Working in new job tasks was the most eye-opening thing I ever did as a manager. The act of observing their roles first-hand made it crystal clear where the problems were originating. And… spoiler alert: 99% of problems in a company are because of poor management decisions!
I call this boots-on-the-ground observation method the “Employee for a Day experience.”
It’s terrifying, enlightening, humbling, and eye-opening.
And it works like magic.
Here are some ideas for how to implement this incredible (free!) tool for yourself.
Continue reading “10 Variations of the “Employee for a Day” Experience”